Insurers Aren’t Just Giving Out Rebate Checks Because Of Obamacare — They’re Lowering Premiums, Too

[tridim]

http://thinkprogress.org/health/2013/06/07/2121051/insurers-rebate-checks-premiums-obamacare/?mobile=nc

Americans who bought individual health plans in 2012 saved $2.1 billion thanks to Obamacare consumer protections that limit how much insurers can profit off of Americans’ premiums, according to a new study by the Kaiser Family Foundation (KFF). The vast majority of those savings stem from individual health plan providers lowering the premiums they charge Americans in an effort to comply with the reform law.

The Kaiser study comes shortly after several major California insurers announced that they would have to pay back $36 million to small businesses and their employees after charging them too much. Obamacare mandates that insurers on the individual market spend at least 80 percent of the premiums they charge on actual medical services, or reimburse the amount they overspent to their customers.

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http://thinkprogress.org/health/2013/06/07/2121051/insurers-rebate-checks-premiums-obamacare/?mobile=nc

Damn you Obama!!!!!111

[CrazyJudy]

1. no check and a 10% increase at my employer :( n/t

[tridim]

2. Talk to HR. Sounds like your employer isn't following the law.

Show them this article and ask why, if others are getting rebates and lower premiums because of the ACA, why aren't we?

Be a hero in your workplace.

[CrazyJudy]

3. you just have to ask now if the increase is over 10%

http://companyprofiles.healthcare.gov/states/CA/rate_reviews?search_method=rate_reviews

just from CA